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Vickrey-Clarke-Groves mechanisms in continuum economies : Characterization and existence

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  • Makowski, Louis
  • Ostroy, Joseph M.

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Article provided by Elsevier in its journal Journal of Mathematical Economics.

Volume (Year): 21 (1992)
Issue (Month): 1 ()
Pages: 1-35

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Handle: RePEc:eee:mateco:v:21:y:1992:i:1:p:1-35

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Web page: http://www.elsevier.com/locate/jmateco

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References

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  1. Roberts, John, 1976. "The incentives for correct revelation of preferences and the number of consumers," Journal of Public Economics, Elsevier, Elsevier, vol. 6(4), pages 359-374, November.
  2. Mitsui, Toshihide, 1983. "Asymptotic efficiency of the pivotal mechanism with general project space," Journal of Economic Theory, Elsevier, vol. 31(2), pages 318-331, December.
  3. Groves, Theodore & Loeb, Martin, 1975. "Incentives and public inputs," Journal of Public Economics, Elsevier, Elsevier, vol. 4(3), pages 211-226, August.
  4. Vives, X. & Mas-Colell, A., 1989. "Implementation in economies with a Continuum of Agents," UFAE and IAE Working Papers, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC) 129.90, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
  5. Kleinberg, Norman L., 1980. "Fair allocations and equal incomes," Journal of Economic Theory, Elsevier, vol. 23(2), pages 189-200, October.
  6. Walker, Mark, 1980. "On the Nonexistence of a Dominant Strategy Mechanism for Making Optimal Public Decisions," Econometrica, Econometric Society, Econometric Society, vol. 48(6), pages 1521-40, September.
  7. Laffont, Jean-Jacques & Maskin, Eric, 1980. "A Differential Approach to Dominant Strategy Mechanisms," Econometrica, Econometric Society, Econometric Society, vol. 48(6), pages 1507-20, September.
  8. Rob, Rafael, 1982. "Asymptotic efficiency of the demand revealing mechanism," Journal of Economic Theory, Elsevier, vol. 28(2), pages 207-220, December.
  9. Walker, Mark, 1978. "A Note on the Characterization of Mechanisms for the Revelation of Preferences," Econometrica, Econometric Society, Econometric Society, vol. 46(1), pages 147-52, January.
  10. Muench, Thomas J., 1972. "The core and the Lindahl equilibrium of an economy with a public good: an example," Journal of Economic Theory, Elsevier, vol. 4(2), pages 241-255, April.
  11. Louis Makowski & Joseph M. Ostroy, 1984. "Vickrey-Clarke-Groves Mechanisms and Perfect Competition," UCLA Economics Working Papers, UCLA Department of Economics 333, UCLA Department of Economics.
  12. Green, Jerry & Laffont, Jean-Jacques, 1979. "On Coalition Incentive Compatibility," Review of Economic Studies, Wiley Blackwell, Wiley Blackwell, vol. 46(2), pages 243-54, April.
  13. Hurwicz, Leonid & Walker, Mark, 1990. "On the Generic Nonoptimality of Dominant-Strategy Allocation Mechanisms: A General Theorem That Includes Pure Exchange Economies," Econometrica, Econometric Society, Econometric Society, vol. 58(3), pages 683-704, May.
  14. Donald John Roberts & Andrew Postlewaite, 1973. "The Incentives for Price-Taking Behavior In Large Economies," Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science 44, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  15. Varian, Hal R., 1976. "Two problems in the theory of fairness," Journal of Public Economics, Elsevier, Elsevier, vol. 5(3-4), pages 249-260.
  16. Champsaur, Paul & Laroque, Guy, 1981. "Fair allocations in large economies," Journal of Economic Theory, Elsevier, vol. 25(2), pages 269-282, October.
  17. Hammond, Peter J, 1979. "Straightforward Individual Incentive Compatibility in Large Economies," Review of Economic Studies, Wiley Blackwell, Wiley Blackwell, vol. 46(2), pages 263-82, April.
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Cited by:
  1. Louis Makowski & Joseph M. Ostroy, 1991. "The Margin of Appropriation and an Extension of the First Theorem of Welfare Economists," UCLA Economics Working Papers, UCLA Department of Economics 629, UCLA Department of Economics.
  2. Joseph M. Ostroy & Uzi Segal, 2010. "No Externalities: A Characterization of Efficiency and Incentive Compatibility with Public Goods," Boston College Working Papers in Economics, Boston College Department of Economics 769, Boston College Department of Economics.
  3. Makowski, Louis & Ostroy, Joseph M. & Segal, Uzi, 1999. "Efficient Incentive Compatible Economies Are Perfectly Competitive," Journal of Economic Theory, Elsevier, vol. 85(2), pages 169-225, April.
  4. Sahm, Marco, 2006. "Essays in Public Economic Theory," Munich Dissertations in Economics 5633, University of Munich, Department of Economics.
  5. Gretsky, Neil E. & Ostroy, Joseph M. & Zame, William R., 1999. "Perfect Competition in the Continuous Assignment Model," Journal of Economic Theory, Elsevier, vol. 88(1), pages 60-118, September.
  6. Louis Makowski & Joseph M. Ostroy, 1992. "General Equilibrium and Market Socialism: Clarifying the Logic of Competitive Markets," UCLA Economics Working Papers, UCLA Department of Economics 672, UCLA Department of Economics.

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